BOSTON – The Massachusetts Division of Professional Licensure has established a claims process to assist former students of the Massachusetts Career Development Institute with reimbursements from the school’s surety bond, according to a news release issued Friday.

All claims must be received before 5 p.m. on Monday, Sept. 23.

In February, the agency announced that it was shutting down after four decades. Leaders cited declining public funding and competition from other providers.

No students were enrolled when MCDI officially closed on July 18, according to a news release issued by the state Friday.

This week, all the MCDI property was sold at auction.

“The Division of Professional Licensure has been working diligently to gather all the necessary information needed to expeditiously process these claims,” said Undersecretary of Consumer Affairs and Business Regulation Barbara Anthony. “We hope that through this process, eligible affected students will be made whole.”

According to the state, those who may be eligible to submit a claim include:

· Students who did not complete their coursework or program of study through MCDI;

· Students who were denied a discharge of their private student loan(s); and

· Students who paid for products or materials from MCDI (books, equipment, etc.) but did not receive them.

The Division of Professional Licensure did not have any complaints against MCDI when it closed, according to an email from the agency Friday. There were 25 students enrolled at the time of closing and all were allowed to finish their courses of study.

Mark Kmetz, director of the Division of Professional Licensure, called MCDI’s wind-down “orderly” not like the sudden closure of American Career Institute in February that left 1,400 students Springfield, Cambridge, Braintree, Framingham and Woburn hanging mid-course.

That wasn’t the case at MCDI, Kmertz said.

The refunds available for MCDI studnts come from surety, most likely a bond, posted by the school as part of its licensing process to be used to pay debts in this sort of circumstances. It’s similar to what construction companies do to guard against a sudden failure to perform.

“It’s primarily geared toward tuition reimbursement,” Kmetz said. “We had a notice on our website. We have been in touch with the students we know about.”

On Wednesday, auctioneers Aaron Posnik & Co. auctioned off not only all MCDI’s property, including its real estate at the school’s own direction. There was no word Friday as to how much the two-story commercial building at 140 Wilbraham Avenue brought and no transfer had been recorded with the Hampden County Register of Deeds. Aaron Posnik & Co. didn’t return calls for comment.

The building is assessed at $5.5 million.

Students wishing to file a claim are encouraged to consult the MCDI school closure bulletin available on DPL’s website, www.mass.gov/dpl/schools, to check whether they are eligible. After determining their eligibility, students should contact DPL by phone at (617) 727-5811 to request a claim form. Priority will be given to claims for tuition refunds, followed by claims for reimbursement of other costs paid to MCDI.